Tax, Tip, Discount

Front

What is a discount?

Back

A discount is a reduction in the price of an item, usually expressed as a percentage of the original price.

Tags

CCSS.6.RP.A.3C

Front

How do you calculate a discount?

Back

To calculate a discount, multiply the original price by the discount percentage (as a decimal) and subtract that amount from the original price.

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CCSS.6.RP.A.3B

Front

What is sales tax?

Back

Sales tax is a percentage of the cost of an item that is added to the total price at the time of purchase.

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CCSS.6.RP.A.3C

Front

How do you calculate sales tax?

Back

To calculate sales tax, multiply the cost of the item by the sales tax rate (as a decimal) and add that amount to the original price.

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CCSS.6.RP.A.3D

Front

What does it mean to add tax to a total?

Back

Adding tax to a total means increasing the original price by a certain percentage to account for government taxes.

Tags

CCSS.6.RP.A.3C

Front

What does it mean to subtract a discount from a total?

Back

Subtracting a discount from a total means reducing the original price by a certain percentage to lower the cost.

Tags

CCSS.6.RP.A.3C

Front

If an item costs $100 and has a 20% discount, what is the new price?

Back

The new price is $80. (Calculation: $100 - ($100 * 0.20) = $80)

Tags

CCSS.6.RP.A.3C

Front

If an item costs $50 and has a 10% sales tax, what is the total cost?

Back

The total cost is $55. (Calculation: $50 + ($50 * 0.10) = $55)

Tags

CCSS.6.RP.A.3C

Front

What is the formula for calculating the final price after a discount?

Back

Final Price = Original Price - (Original Price * Discount Percentage)

Tags

CCSS.6.RP.A.3C

Front

What is the formula for calculating the final price after tax?

Back

Final Price = Original Price + (Original Price * Tax Rate)

Tags

CCSS.6.RP.A.3C